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Attorney John Deaton Accuses Gary Gensler For Leveraging On The Lack Of Congressional Action To Pock-nose Into Crypto.
Blockchain

Attorney John Deaton Accuses Gary Gensler For Leveraging On The Lack Of Congressional Action To Pock-nose Into Crypto.

John Deaton, an attorney representing the amici status and 72,000 XRP holders, has called out Gary Gensler, President Joe Biden’s elect run an agency intended to focus on stock scammers ripping off the unsuspecting for pock-nosing into crypto while neglecting his duty. In a Fox Business opinion piece filed by John Deaton on the 21st of August, the SEC called out to the attorney John for extending its tentacle beyond the limit of its constitution in fighting crypto. Deaton accused Gensler of his attempt to turn the decades of securities law and laid down principles. Deaton Responding to Gensler's Statement It is worth noting that the attorney Deaton is responding to Gensler’s statement in a wall street journal Opinion piece there is no special treatment for the crypto market. ...
Uniswap Blocked 253 Crypto Addresses As A Result of Recent Hack, 30 Of Out Of The Addresses Are Related To Ethereum Name Service
Blockchain

Uniswap Blocked 253 Crypto Addresses As A Result of Recent Hack, 30 Of Out Of The Addresses Are Related To Ethereum Name Service

For the recent hack using Torando Cash, Uniswap, the Decentralized exchange has blocked 253 crypto addresses over the last four months it operated with TRM Labs, a blockchain analytic company. The report showed that this is the first time, Uniswap revealed data which is associated with the wallet backlisting. Banteg, a Yearn Finance developer, tweeted a compiled file by Jordan Frankfurt, a Uniswap software engineer, which contains the data regarding the fund laundering. Read Also: Charles Hoskinson Says Vasil Is The Last Hard Fork Of An Era As He Clarifies The Trending Issue With Cardano Blockchain 253 Addresses Were Blocked Also, the file stated that the 253 addresses have been blocked by Uniswap via TRM over the four-month partnership. It was noted that addresses involved we...
Ethermine, The Largest Ethereum Pool Shuns Transaction Ethereum Addresses Related to Tornado Cash.
Blockchain

Ethermine, The Largest Ethereum Pool Shuns Transaction Ethereum Addresses Related to Tornado Cash.

Tornado Cash has been facing some measure of censorship recently due to the current US ban, for this reason, it has been facing rejection from various platforms. For instance, Ethermine, the largest Ethereum pool ignore the Ethereum Addresses Related to Tornado Cash. A tweet by Wu Blockchain stated that Bitfly-owned Ethermine, Ethereum’s largest mining pool, has been shunning Tornado Cash-related transactions over the past week. Read Also: Cardano's Hoskinson Slams The Stake Pool Operators For Taking Cardano Private Issues To The Public https://twitter.com/WuBlockchain/status/1560813902245818368 Wu Blockchain stated “Ethermine, the largest Ethereum pool, has refused to pack Tornado Cash-related transactions into blocks in the past week. Several pool technicians also confirme...
Vechain Blockchain Dev Team Updated Its Public Testnet To Include “Finality With One Bit” In Order To Improve Consensus Algorithm
Blockchain

Vechain Blockchain Dev Team Updated Its Public Testnet To Include “Finality With One Bit” In Order To Improve Consensus Algorithm

VechainThor public testnet has been updated successfully. The tweet posted by the VeChain Foundation revealed the information on its official Twitter handle. VeChainThor stated:“The VeChainThor public Testnet has been successfully updated to include VIP-220 - AKA, ‘Finality with One Bit’ (FOB).” https://twitter.com/vechainofficial/status/1560546826654203904 VeChain Aims To Improve Consensus Algorithm It is worth noting that the VeChain has been aiming to improve the algorithm of its consensus and to get this done, a finality gadget, named the Finality with One Bit (FOB) is designed and integrated to allow the running of dual modes of consensus, namely, the Nakamoto and BFT consensus at the same time. Read Also: Burn NFT is Launching On Phantom To Fight Unwanted Wallet Spa...
Burn NFT is Launching On Phantom To Fight Unwanted Wallet Spam
Blockchain

Burn NFT is Launching On Phantom To Fight Unwanted Wallet Spam

Phantom, the top Solana-based wallet provider introduced an amazing feature in Phantom across all devices. The update was revealed on its official Twitter handle, that the Burn NFT feature has been included in Phantom across all devices to fight the unwanted wallet spam. https://twitter.com/phantom/status/1559944963651211268 The rate at which the bad actors are stealing users’ funds is appalling especially as the crypto ecosystem grows and the fast growth in NFT fame has resulted in the rise of a prevalent avenue of attack for Scammers, Spam NFTs. Read Also: Rep. Tom Emmer Slams The US Treasury Department On The Current Sanctioning Of Tornado Cash The scammers are growing sophisticated every day.  Scammers claim to give users a gift/NFT, once the users click on the l...
Rep. Tom Emmer Slams The US Treasury Department On The Current Sanctioning Of Tornado Cash
Blockchain

Rep. Tom Emmer Slams The US Treasury Department On The Current Sanctioning Of Tornado Cash

A United state member of congress by the name of Rep. Tom Emmer (R-Minn.) has taken the time to challenge the US Treasury Department on the current sanctioning of Tornado Cash saying this act of banning was an unprecedented action fighting the privacy and innovation. It all happened during a “First Mover” Program on the CoinDesk TV, Tom said the Treasury Department’s Office of Foreign Asset Control (OFAC)’s sanction on Tornado Cash was not correct. Read Also: Shiba Inu's Burn Rate Records Over 385% As Almost 74 million Shib Tokens Were Sent To Dead Wallet Rep. Tom said:“Their primary priority is protecting the United States' national security,” he added. “So I think our role – Congress – can be most effective in inquiring with OFAC to find out if they believe the sanction address...
Vitalik Buterin Discloses The Grudge Against Ripple And Its Token, A Few Ripple’s Executives Responded
Blockchain

Vitalik Buterin Discloses The Grudge Against Ripple And Its Token, A Few Ripple’s Executives Responded

The Ethereum's founder has taken it upon himself to make known his belief that Ethereum proponents are not under any obligation or compulsion to stand in support of Ripple’s XRP in the ongoing case between Ripple and SEC. The Ethereum’s Buterin has made it on his Twitter handle that the XRP has lost its right to protection as they attempt to throw Ethereum under the bus as "China-controlled" IMO Read Also: Whales Are actively Accumulating BTC And Exchange Deposit Is Declining, Almost 16k Addresses Are Holding 100 To 10k BTC https://twitter.com/VitalikButerin/status/1560050865070690304 Buterin stated:It looks like the Ripple/XRP team is sinking to new levels of strangeness. They're claiming that their shitcoin should not be called security for public policy reasons, namely be...
Cardano’s IOG Introduces Ofelimos Protocol To Transform Proof-of-Work (PoW) To Proof-of-Useful Work In Order To Reduce Energy Consumption
Blockchain

Cardano’s IOG Introduces Ofelimos Protocol To Transform Proof-of-Work (PoW) To Proof-of-Useful Work In Order To Reduce Energy Consumption

The high energy consumption as a result of Bitcoin mining is no news as the issue is a thing of concern to the entire globe. In this premise, IOG, Cardano’s research and development company has put this into consideration and make a thorough research on how to get reduced the rate at which the energy is being consumed in the course of undergoing proof-of-work. Read Also: Terra Team To Launch A New Proposal To Airdrop Users Who Did Not Receive The Correct Luna Allocation IOG Introduces Ofelimos It is good to know that the IOG came up with a protocol to reduce the energy waste of Proof-of-Work (PoW) blockchains. The protocol is named Ofelimos and it was introduced at the Cryptology conference by members of the IOG research team. According to the IOG, the research was jointly c...
Terra Team To Launch A New Proposal To Airdrop Users Who Did Not Receive The Correct Luna Allocation
Blockchain

Terra Team To Launch A New Proposal To Airdrop Users Who Did Not Receive The Correct Luna Allocation

Terra team is working to airdrop users who did not receive the correct allocation of LUNA tokens when it was distributed. As stated by the report, the Terra team has launched a new proposal to airdrop users who did not receive the correct LUNA allocations. In order to have a successful distribution, the Terra team is working directly with cross-chain protocols and foundation teams to gather indexed data. This is aimed at dealing with the complexities of indexing every cross-chain protocol for the airdrop. Read Also: Whales Are Resuming Their Activities As The Dogecoin Records Over $100K Valued Transactions Happening Daily The update was revealed on the official Twitter handle of Terra. Per the report, the LUNA tokens allocated for this purpose will be airdropped from the communit...
Terra Tokens (LUNC And LUNA) To Be Listed By Poloniex Exchange On The 17th Of August
Blockchain

Terra Tokens (LUNC And LUNA) To Be Listed By Poloniex Exchange On The 17th Of August

The Terra ecosystem is called to anticipate the enlisting of its tokens Terra (Terra (LUNA) and Terra Classic (LUNC)) by a giant cryptocurrency exchange, poloniex. The exchange stated, “We’re excited to welcome Terra (LUNA) and Terra Luna Classic (LUNC) to Poloniex.” The update was revealed via poloniex’s official website. It is interesting that despite the recent Terra collapse when all think all hope is gone, Poloniex announces support for its tokens. The Poloniex stated: .blockspare-9ab56878-3664-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-radius:null}.blockspare-9ab56878-3664-4 .blockspare-image-wrap{backgroun...